Amendment Subs Prospect(2)

Toyota Motor Corporation
29 October 2003

                               
                                 (Translation)


                                                       Filed on October 28, 2003
To Whom It May Concern:

                        Company Name: Hino Motors, Ltd.
                        Name and Title of Representative:
                           Tadaaki Jagawa, President
                        Code Number: 7205
                        Securities exchanges throughout Japan
                        Name and Title of Contact Person:
                        Toshihisa Sakaki
                        General Manager, Corporate Communications Department, Corporate Planning Division
                        Telephone Number: 03-5419-9320
                        Our Parent Company: Toyota Motor Corporation
                        Name and Title of Representative:
                            Fujio Cho, President
                        Code Number: 7203
                            Securities exchanges throughout Japan



                        Notice Concerning Amendments to
            the Business Performance Projections (Non-consolidated)


Based on recent movements in our business performance, we hereby make the
following amendments to the business performance projections disclosed upon the
announcement of the financial statements on April 25, 2003:


1.        Amendments to the prospective figures of non-consolidated interim
business performance of Fiscal Year 2004 ending March 31, 2004 (from April 1,
2003 to September 30, 2003)


                            (In millions of yen, %)
                    Net sales    Ordinary income    Interim net income/(loss)
Previous               360,000             14,500                        7,000
projections (A)
(Announced on April
25, 2003)
New projections (B)    411,463             18,254                        5,173

Amount changed          51,463              3,754                       (1,827)
(B - A)
% of change               14.3%              25.9%                       (26.1%)
(Reference)            296,541              5,110                        6,907
Actual performance
of Interim period
of FY2003


2.        Amendments to the prospective figures of non-consolidated business
performance of Fiscal Year 2004 ending March 31, 2004 (from April 1, 2003 to
March 31, 2004)


                            (In millions of yen, %)
                                   Net sales    Ordinary income    Net income
Previous projections (A)              700,000             21,000         9,000
(Announced on April 25, 2003)
New projections (B)                   800,000             25,300         9,400
Amount changed                        100,000              4,300           400
(B - A)
% of change                              14.3%              20.5%          4.4%
Actual performance from April 1,      659,342             16,451         8,342
2002 to March 31, 2003 (FY2003)


3.   Reasons for the Amendments


The prospective figures of the non-consolidated business performance of the
Fiscal Year 2004 were announced in April 2003. As the sales of trucks in Japan
and exported vehicles for the interim period and full year increased or are
expected to increase, as the case may be, the net sales is expected to increase
from the previous projection.

Due to the increase in sales and rationalization efforts, ordinary income is
expected to increase from the previously announced projected figure.

However, as part of the shares of sales subsidiaries has been written-down, the
interim net income is expected to be lower than the projected figure.

END





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